Japan: Tokyo Steel cuts scrap purchase price by $5/t

  • Japan’s leading EAF steel mill Tokyo Steel has lowered scrap purchase prices for the fourth time in Aug’21.
  • The company has decreased prices by JPY 500/t ($5) for all its five steelworks, effective from 28 Aug’21.
  • After today’s revision, the company would pay a bid price of JPY 48,000/t ($436) for H2 scrap delivered at its Tahara and Utsunomiya steelworks.

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